Tutorials > Microeconomics Principles For A Prosperous Life
Microeconomics Principles For A Prosperous LifeDate: 17 January 2023 | Posted by: voska89 |
![]() Published 1/2023 MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz Language: English | Size: 11.70 GB | Duration: 10h 6m Mastering and Harnessing the Power of Microeconomics What you'll learn Learn the basic principles of microeconomics from a strategic point of view Learn how to apply microeconomics in your daily personal and business life Better manage your personal finances and economic choices Better manage your workplace, whether you are an executive, manager, or line worker Requirements This course is freshman level college and above but available to all advanced high schools students as well Description In this course, you will learn all of the major principles of microeconomics normally taught in a quarter or semester course to college undergraduates or MBA students.Perhaps more importantly, you will also learn how to apply these principles to a wide variety of real-world situations in both your personal and professional lives. In this way, a mastery of Microeconomic Principles will help you prosper in an increasingly competitive environment.Topics include supply and demand, strategic marketing and microeconomics, consumer and production theory, an overview of operations and supply chain management, perfect competition, oligopoly, monopoly, strategic capital finance, how wages and rents are set, the importance of organizational culture and behavior, public goods, and the externalities problem.Key concepts include the production possibilities frontier, opportunity costs, the law of demand, price floors and ceilings, marginal utility, price elasticity, economies of scale and natural Monopoly, the structure-conduct-performance paradigm, Pareto optimality, deadweight loss, efficiency versus equity, product differentiation, tacit versus explicit collusion, net present value, factors affecting wage differentials, rent versus economic rent, the free rider problem, negative versus positive externalities, Pigouvian taxes and subsidies, the median voter model, and progressive versus regressive taxes.Note that this course is a companion to Strategic Macroeconomics for Business and Investing. If you take both courses, you will learn all of the major principles normally taught in a year-long introductory economics college course. Overview Section 1: Introduction to Strategic Microeconomics for Business & Investing Lecture 1 Module 1.1: An Introduction to Strategic Microeconomics Lecture 2 Module 1.2: Microeconomics in Our Everyday Business & Personal Lives Lecture 3 Module 1.3: Microeconomics Defined and Major Economic Models Lecture 4 Module 1.4: The Scarcity Problem; & Three Questions Every Nation Must Answer Lecture 5 Module 1.5: The Production Possibilities Frontier & Opportunity Costs Lecture 6 Module 1.6: The Fundamental Concepts of Microeconomics & Course Overview Section 2: Supply and Demand Lecture 7 Module 2.1: Law of Demand, Income-Substitution Effects, Demand Curve Shifts Lecture 8 Module 2.2: Change in Demand vs. Change in Quantity Demanded; Supply Shifts Lecture 9 Module 2.3: Equilibrium; Price Effects of Supply and Demand Curve Shifts Lecture 10 Module 2.4: Price Floors, Price Ceilings, and Rationing Lecture 11 Module 2.5: Supply & Demand Analysis in Business Action Section 3: An Introduction to Consumer Theory Lecture 12 Module 3.1: From Consumer Theory to Strategic Marketing Lecture 0 Module 3.2: Consumer Optimization; Income and Substitution Effects Lecture 13 Module 3.3: Demand Price Elasticity; Price Elasticity Formula Lecture 0 Module 3.4: Demand Price Elasticity Determinants; Elastic and Inelastic Demand Lecture 0 Module 3.5: Pricing and Marketing Strategies; Price Elasticity and Total Revenue Lecture 14 Module 3.6: Strategic Marketing and Microeconomics Lecture 0 Module 4.1: Overview of Production Theory and the Production Function Lecture 0 Module 4.2: Average, Marginal, Variable, and Total Costs Lecture 0 Module 4.3: Marginal Cost; The AFC, ATC, and AVC Curves Lecture 0 Module 4.4: Long Run Cost Analysis and Economies of Scale Lecture 0 Module 4.5: The Structure-Conduct-Performance Paradigm and Natural Monopoly Lecture 0 Module 4.6: Accounting vs. Economic Profits Lecture 0 Module 4.7: Operations and Supply Chain Management Lecture 0 Module 5.1: Overview of Industry Structure, Conduct, and Performance Lecture 0 Module 5.2: Assumptions of Perfect Competition; The P=MR Condition Lecture 0 Module 5.3: Imperfect Competition; Externalities and the Public Goods Problem Lecture 0 Module 5.4: Pricing and Production Rules; P=MR=MC; The Shutdown Rule Lecture 0 Module 5.5: Long Run Equilibrium; Normal or Zero Economic Profits Lecture 0 Module 5.6: Allocative vs. Productive Efficiency; Pareto Optimality; Surplus Lecture 0 Module 5.7: Efficiency vs. Equity; Normative vs. Positive Analysis Lecture 0 Module 6.1: Why Study Imperfect Competition? Lecture 0 Module 6.2: Monopoly Defined and Monopoly's Pricing Rule Lecture 0 Module 6.3: Regulating Natural Monopoly; The P=AC Rule; X-efficiency Lecture 0 Module 6.4: Monopolistic Competition; Product Differentiation Lecture 0 Module 6.5: Market Conduct Under Monopolistic Competition Lecture 0 Module 6.6: An Introduction to Management Strategy Lecture 0 Module 7.1: Oligopoly Defined; Strategic Interactions and Mutual Dependence Lecture 0 Module 7.2: Major Sources of Oligopoly Lecture 0 Module 7.3: Market Power and Action; Cooperative vs. Non-Cooperative Behavior Lecture 0 Module 7.4: Joint Profit Maximization Model; Why Cartels Can Fail; Price Leaders Lecture 0 Module 7.5: Joint Profit Max Model; Why Cartels Can Fail; Price Leadership Model Lecture 0 Module 7.6: Game Theory and Prisoner's Dilemma; Payoff Matrix; Nash Equilibrium Lecture 0 Module 8.1: Capital Analysis in Real World; Big Questions of Corporate Finance Lecture 0 Module 8.2: Capital Goods; Interest Rate Defined; Rate of Return Lecture 0 Module 8.3: Depreciation; Theory of Loanable Funds; Two Interest Rate Functions Lecture 0 Module 8.4: Net Present Value; Perpetuities; Demand, Supply and Interest Rates Lecture 0 Module 8.5: NPV In the Real World; The NPV Equation Lecture 0 Module 8.6: Interest Rates In Real World; Factors Determining Interest Rates Lecture 0 Module 8.7: The Capital Asset Pricing Model Lecture 0 Module 9.1: Key Concepts of Organizational Behavior Lecture 0 Module 9.2: The Wage Rate, Unions, and Monopsony Lecture 0 Module 9.3: Derived Demand for Labor; Theory of Resource Demand Lecture 0 Module 9.4: Wages, Productivity, and Product Prices; Backward Bending Curve Lecture 0 Module 9.5: Wages in Imperfectly Competitive Labor Markets; Monopsony & Monopoly Lecture 0 Module 9.6: Wage and Compensating Differentials; Quasi-rents; Human Capital Lecture 0 Module 9.7: How Land is Priced; Rent Versus Economic Rent Lecture 0 Module 9.8: The "Corn Wars" and Theory of Ricardian Rents; Property Rights Lecture 0 Module 9.9: Henry George's Land Tax; Tax Incidence Analysis Lecture 0 Module 9.10: Determinants of the Price of Land and Rents; Rent Seeking Lecture 0 Module 10.1: The Logic of Government Intervention Lecture 0 Module 10.2: Public vs. Private Goods; Non-rival Consumption; Free Rider Problem Lecture 0 Module 10.3: Economic Efficiency & Public Goods; Market Demand for Public Goods Lecture 0 Module 10.4: Benefit-Cost Analysis and the Decision Rule Lecture 0 Module 10.5: Negative and Positive Externalities Lecture 0 Module 10.6: Correcting Market Failures; The Coase Theorem; Pigouvian Taxes Lecture 0 10.7: Government Intervention; Pigouvian Taxes; Internalizing Externalities Lecture 0 Module 10.8: Progressive, Proportional, and Regressive Taxes Lecture 0 Module 10.9: Public Choice; The Median Voter Model; The Paradox of Voting nvestors, corporate executives, and just plain folks interested in managing their finances, workplace, and economic choices in an increasingly chaotic 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